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In October 2020, Veolia acquired the 29.9% stake in Engie, for 3.4 billion euros. In April 2021, Veolia and Suez publish a joint press release [33] claiming to have found common ground for Veolia to absorb a large part of Suez's international activities, [34] which should bring Veolia's valuation to 37 billion euros. This operation values Suez ...
Veolia Water’s subsidiaries include: SADE, which to builds and maintains water mains and water networks for delivering and distributing drinking water, and processing waste water. Veolia Water Solutions and Technologies provides services to both local authorities and private industry, aiming to help them to reduce their environmental impact.
In July 2015, the group Suez Environnement simplified its name to become Suez, after the group GDF-Suez changed its name to Engie, leaving the name Suez available again. [6] In September 2015, Suez acquired Sembcorp's 40% stake in the companies' common joint-venture to provide water treatment and waste management in Australia. [7]
At the start of 2022, the Veolia Group, active in water and waste management and energy services, launched a takeover bid for Suez, taking control of 86.22% of its shareholding, a percentage that would be increased to 95.95% after the closing of its complementary offer to acquire the shares that had not participated in its initial takeover bid. [7]
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Suez North America is an American water service company headquartered in Paramus, New Jersey. It owns and operates 16 water and waste water utilities, and operates 90 municipal water and waste water systems through public-private partnerships and contract agreements. [ 1 ]
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SITA is a significant part of the Suez business, which now as a waste management and water treatment specialist is fully focused on sustainable development. It owns, operates or has submitted planning applications for a number of incineration and In-vessel composting [2] [3] plants.